Professor Bessembinder, from Arizona State University, recently published a very interesting paper in which he compared the excess returns on every stock listed on a US stock exchange to the returns on Treasury Bills. He found out that all of the wealth created in the stock market (in excess of the return on Treasury Bills) came from investments in only 4% of the total number of stocks. For example, Microsoft, one of the largest generators of shareholder wealth, has returned an average of 25% per year for the 30 years it has been in existence. If you had invested $1,000 in Microsoft thirty years ago, how much would your investment be worth today? Select one: a. $702,558 b. $588,921 c. $807,794 d. $268,584